Tap Your Home Equity Without Monthly Mortgage Payments

A reverse mortgage lets homeowners 62 and older convert part of their home equity into cash — without selling the home or taking on a new monthly mortgage payment.

I help Folsom and Sacramento metro seniors understand whether a reverse mortgage fits their retirement plan — and if it does, I shop multiple lenders to find the right terms.

Apply Now | Get Pre-Qualified | Call: 916-909-5640

Who Reverse Mortgages Are For

A reverse mortgage may be a fit if you're:

• 62 years old or older

• Living in your primary home (not a vacation home or rental)

• Owning your home outright or with a low remaining mortgage balance

• Looking for retirement income without selling your home

• Wanting to pay off an existing mortgage and eliminate monthly payments

• Russian or Ukrainian-speaking senior who wants clear, native-language guidance

How a Reverse Mortgage Works

Unlike a regular mortgage where you pay the lender each month, with a reverse mortgage the lender pays you. The loan balance grows over time. You don't repay it until you sell the home, move out permanently, or pass away — at which point the home is typically sold to repay the loan, and any remaining equity goes to you or your heirs.

You still own your home and remain responsible for property taxes, insurance, and home maintenance.

Three Ways to Receive Funds

1. Lump sum — Get all the funds upfront (best for paying off existing mortgage)

2. Monthly payments — Receive steady income for life or a set term

3. Line of credit — Draw funds as needed, like a HELOC

You can also combine these options.

The Most Common Type: HECM

Most reverse mortgages in the US are Home Equity Conversion Mortgages (HECMs), insured by the Federal Housing Administration. HECMs protect borrowers and heirs — you'll never owe more than the home is worth.

Other options include proprietary "jumbo" reverse mortgages for higher-value homes.

Why Work With a Broker

Reverse mortgage terms vary widely between lenders. Origination fees, mortgage insurance, and interest rates differ significantly. As your broker, I shop multiple lenders to find the best terms for your file.

I'll also be straight with you about whether a reverse mortgage is the right move — sometimes a HELOC or downsizing makes more sense.

What You'll Need

• Borrower(s) age 62 or older

• Home as primary residence

• Sufficient home equity (typically 50%+)

• Ability to pay property taxes, insurance, and HOA fees on time

• Mandatory HUD-approved counseling session (I'll help you schedule)

The Process

1. Free consultation — We talk through your retirement goals, in English, Russian, or Ukrainian

2. HUD counseling — Required by law, takes about 90 minutes, confirms you understand the loan

3. Application — I walk you through everything

4. Appraisal — Determines your home's value

5. Underwriting — Lender reviews the file

6. Closing — Sign and start receiving funds

Typical timeline: 30–45 days from application to funding.